The Board of Directors has formulated ege’s dividend policy as follows:
The Board of Directors continuously assesses the company’s capital structure with emphasis on room for manoeuvre, a low interest-bearing debt as well as a high solidity - at present corresponding to an equity ratio of at least 60%. Provided this is achieved a pay-out ratio of 40% is pursued, that is a dividend of 40% of the group net profit after tax, subject to specific consolidation needs, the group’s liquidity needs as well as needs for organic growth and potential growth through acquisition.
Although the solidity does not live up to the Group’s strategic objective, as a consequence of the acquisition of Carpet Concept, the dividend is proposed fixed at 17.0 DKK million corresponding to approx. 40% of net profit of the year.
The Board of Directors’ authorisation to purchase own shares up to a nominal of 2.0 DKK million per year will not be used in a structured share repurchase programme, but will only be applied in exceptional cases. Distribution to shareholders is expected solely to occur through dividends.